Summary
Located 2.5 miles south west of Sheffield city centre fronting the A625 Ecclesall Road in the Banner Cross shopping area.
Location
The property is located about 2.5 miles south west of Sheffield city centre fronting the A625 Ecclesall Road in the Banner Cross district shopping area. Nearby occupiers include Barclays Bank, Sainsburys Local, William H Brown, Mortgage Advice Bureau, Saxton Mee and others.
Description
The property is a mid terraced retail unit with first and second floor flat. It was built in the early 20th Century. It is stone fronted with brick rear elevations.
The ground floor retail accommodation is fitted out as a card/gift shop also has a rear kitchen and a useable cellar. The shop has an external WC reached via the side passageway or a door from the rear off shot.
The flat is reached via an external metal staircase from the rear. It includes a bathroom in the rear off shot, a good sized dining kitchen and a large living room at the front. At second floor level there are two bedrooms, a double and a single. The double bedroom has a large front facing dormer. The rear bedroom has a Velux window.
To the rear of the property there is a small garden.
Tenure
Freehold. Our client also owns the long leasehold interest.
Tenancies
Shop
The shop is subject to a lease dated 20 June 2013. The tenant is trading as 'Just For You,' and have been tenants at the property since 2006. The lease is for a term of 9 years commencing 20 June 2013. The rent reserved is £875 per calendar month which is equivalent to £10,500 per annum.
Flat
We have not seen the tenancy agreement but note that there is a standard assured shorthold tenancy which commenced on 30 November 2019 for six months. The rent is £550 per calendar month, ie £6,600 per annum.
Price
£230,000. We understand that VAT will NOT be payable on the purchase price.
Prominent location on the Banner Cross section of Ecclesall Road
Retail/residential investment
Fully let with a total gross income of £17,100 per annum
Listed Features
- General Retail
- Multiple floors
- Kitchen
- Outdoor Space
- Lift / Elevator
